Apex ltd is being sued by a customer for $$2$ million for breach of contract over a cancelled order. The firm has obtained legal opinion that there is a $20\%$ chance that he firm will lose the case. Accordingly, the firm has provided $$400$ million$($$$2$ million x $20\%)$ in respect of the claim. The unrecoverable legal costs of defending the action are estimated. at $$100000.$ These are provided for as the case will not go to court until next year.

What is the amount of the provision that should be provided for by the firm in accordance with IAS $37.$ Provisions, Contingent liabilities and contingent assets.$$